 "Chana down 0.3% increased supply")
Chana prices fell 0.30% to Rs 3,008 per quintal in futures trade today largely due to increased supplies in the spot markets against subdued demand.
At the National Commodity and Derivative Exchange, chana for delivery in May shed Rs 9, or 0.30% to Rs 3,008 per quintal with an open interest of 69,980 lots.
Similarly, the commodity for delivery in June traded lower by Rs 8, or 0.26% to Rs 3,075 per quintal in 97,660 lots.
Market analysts said increased supplies in the spot markets from producing regions against low demand int he spot markets mainly put pressure on chana prices at futures trade. speculators trimmed positions due to increased supplies from producing region against subdued demand in the spot market mainly influenced chana prices at futures trade.
At the National Commodity and Derivative Exchange, chana for delivery in May shed Rs 9, or 0.30% to Rs 3,008 per quintal with an open interest of 69,980 lots.
Similarly, the commodity for delivery in June traded lower by Rs 8, or 0.26% to Rs 3,075 per quintal in 97,660 lots.
Market analysts said increased supplies in the spot markets from producing regions against low demand int he spot markets mainly put pressure on chana prices at futures trade. speculators trimmed positions due to increased supplies from producing region against subdued demand in the spot market mainly influenced chana prices at futures trade.
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